PODCAST: AI can help chemical companies tackle biggest pain points

Will Beacham


BARCELONA (ICIS)–Artificial intelligence (AI) can be used by chemical company leaders to help solve their biggest challenges, such as predicting demand and pricing.

  • AI can develop demand scenarios for chemical markets
  • Companies should focus AI only on their biggest pain points
  • AI could measure market sentiment
  • ICIS is developing algorithms to forecast pricing
  • AI allows programs to perform tasks normally carried out by humans
  • Machine learning is an algorithm with the ability to learn
  • Deep learning is a neural network which can learn from data
  • In aerospace, AI already forecasts demand, alters pricing, using algorithms
  • Click here to watch an ICIS webinar on digital transformation trends in the chemical industry

In this Think Tank podcast, Will Beacham interviews tech founder, AI engineer and consultant Eleanor Manley, ICIS director of data solutions Alan Spanos, ICIS senior consultant Asia John Richardson and Paul Hodges, chairman of New Normal Consulting.

Click here to listen to the podcast

Editor’s note: This podcast is an opinion piece. The views expressed are those of the presenter and interviewees, and do not necessarily represent those of ICIS.

ICIS is organising regular updates to help the industry understand current market trends. Register here .

Read the latest issue of ICIS Chemical Business.

Read Paul Hodges and John Richardson’s ICIS blogs.


Global News + ICIS Chemical Business (ICB)

See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.

Contact us

Now, more than ever, dynamic insights are key to navigating complex, volatile commodity markets. Access to expert insights on the latest industry developments and tracking market changes are vital in making sustainable business decisions.

Want to learn about how we can work together to bring you actionable insight and support your business decisions?

Need Help?

Need Help?